Robert McKinley, Senior Analyst/Editor Robert McKinley is an analyst of the payments industry on a daily basis for 32 years covering payment cards and payment systems from both the business side and the consumer side. McKinley is the retired founder and chief executive of RAM Research, CardWeb and CardTrak. In his prior position, McKinley has participated in more than 10,000 documented news media interviews, testified as an expert witness in two separate $billion+ U.S. anti-trust trials, testified before the U.S. Congress, assisted the GAO with paymentsIMG_2006 (1).jpeg reports, chaired numerous business conferences and provided C-Suite opinion to a multitude of Fortune 500 companies. In retirement, he has continued developing and funding digital media assets as well as contributing payments related analysis/content to a broad list of online publishers, including CardFlash, CardTrak and CardData. McKinley is also a national certified mentor with the non-profit SCORE organization with a focus on assisting Fintech startups.

Migration Begins to EBA Clearing Step

EBA CLEARING’s STEP2 platform for a major part of their SEPA payments in the future, have migrated the first transactions to a processing mode that has been specifically designed for handling very high volumes. The banks exchanged SEPA payments via STEP2 that were, among other things, pre-sorted by receiving bank. The batch processing mode used in this context allows a fast and efficient clearing of large payment volumes. Over the next three months, seven major players in the German payments market will migrate their bilateral mass payments to this processing mode on the STEP2 platform. EBA CLEARING offers to the European financial industry a clearing infrastructure for SEPA transactions that provides full reach to all payment service providers offering SEPA Credit Transfers and Direct Debits.

Lilitab & VeriFone Developing iPad Payment Solution

Lilitab partnered VeriFone Systems to develop the Apple MFi-certified self-service payment kiosk, the Lilitab Pro-V. The co-branded payment kiosk incorporates VeriFone’s industry leading payment technology for secure transactions with Lilitab’s patented Lilitab Pro tablet enclosure. Through the use of the fully integrated card reader, merchants can now give their customers rich content while simultaneously reducing their PCI scope with VeriFone’s end-to-end encryption solution, VeriShield Total Protect, Secured by RSA. The integrated and modular design of the Lilitab Pro-V enables convenient self-service payment stations on any wall, surface or floor, reducing security concerns about device tampering and card data fraud. The Lilitab Pro-V payment kiosks can be used for assisted selling and as line-busting mobile payment terminals.

Payveris Announces Industry Vets to Exec Team

Payveris online and mobile payments company expanded its executive leadership team with the addition of industry veterans Rich Pelikan and Mickey Goldwasser. As vice president of sales, Pelikan will be responsible for leading all of Payveris’ sales, account management and business development efforts. As vice president of marketing, Goldwasser will be responsible for the planning, managing and execution of all aspects of the company’s marketing, communication and public relations activities. Pelikan joins Payveris from COCC financial institution core data processing and ancillary services provider as head of sales and has held prior business development leadership roles with Fiserv, eFunds Corporation, BISYS Document Solutions and Deluxe Corporation. Goldwasser joins Payveris from Q2 electronic banking solutions for banks and credit unions and has held previous marketing leadership roles with Continuity Control, Eclipsys and Open Solutions Inc. (now Fiserv).

RewardsNOW Partners to Expand Local Merchant Funded Program

RewardsNOW loyalty programs for financial institutions partnered It’s My Michigan, a merchant discount program that offers Michigan residents discounts at thousands of Michigan-based merchants. The partnership with It’s My Michigan will enable RewardsNOW to expand the reach of its Shop Main Street local merchant funded shopping program beyond the metropolitan Detroit area into greater Michigan and is just one of many initiatives planned for the expansion of the Shop Main Street program. RewardsNOW’s innovative local merchant funded rewards program offers participating Shop Main Street merchants access to an easy-to-use online marketing tool where they can create customized, relevant offers designed to meet their own unique business needs and objectives, to attract new customers, and to reward loyal ones. And, unlike daily deals and coupons, Shop Main Street merchants have access to extensive data on customers’ transactions enabling them to analyze and evaluate the effectiveness of their offers.

Virtual Piggy Intros Hackathon Concept

Virtual Piggy (VPIG) will run the first hackathon designed for youth 19 years old and under in the Los Angeles area on Dec 7, 2013. The prizes include over $25,000 in scholarships towards higher education, internship programs at Virtual Piggy, brand new high tech devices including laptops, and a Virtual Piggy prize pack from sponsors. A panel of successful business people will preside over the Hackathon, including Virtual Piggy advisory board member, John Paul DeJoria. The Virtual Piggy Hackathon will be held on December 7, 2013 just before Computer Science Education Week.

NCR Revenue Up 5% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] NCR posted 3Q/13 revenue of $1.51 billion, up 5% from the third quarter of 2012. Third-quarter revenue includes an unfavorable impact of 2% as a result of foreign currency translation. NCR reported third quarter income from continuing operations (attributable to NCR) of $98 million, or $0.58 per diluted share, compared to…

MoneyGram Announces Latest Global Expansion

PJSC “First Ukrainian International Bank” (FUIB) locations now facilitate MoneyGram global money transfers. FUIB is a large, privately owned bank with two decades of operations in Ukraine’s financial market. It is listed among the country’s top 10 banks serving more than 25,000 corporate customers and nearly 1.5 million individuals. Because of a high emigration rate, about 86 percent of customers in the country receive funds from family, friends and business associates. According to the World Bank, many Ukrainians are moving to countries including Russian Federation, Poland, the U.S., Kazakhstan, Israel, Germany, Italy and Spain, and often send and receive money to and from loved ones back home.

Citi ThankYou Cardmembers Now Earn 3 ThankYou® Points Per Dollar

Citi ThankYou Premier cardmembers now earn three ThankYou® Points per dollar spent on dining at restaurants and entertainment. And from weekend getaways to vacations abroad, cardmembers will earn two points per dollar spent on airfare and hotels with their Citi ThankYou Premier Card. Cardmembers now can enjoy triple points on dining at restaurants and entertainment- 3 ThankYou Points per $1 spent on dining at restaurants and entertainment; 2 ThankYou Points per $1 spent on airfare and hotels; one ThankYou point per $1 spent on other purchases; and no foreign transaction fees on purchases. Citi ThankYou Premier has focused cardmember benefits on more opportunities to earn points for purchases at restaurants and on entertainment, airfare and hotels.

Fiserv Unveils New Billing, Payment Solution

Fiserv launched Biller Advantage multi-channel electronic billing and payment platform for small and mid-sized billers. Designed for the segment of billers that send 2,000 to 500,000 bills a month, Biller Advantage makes it practical for these companies to send electronic bills (e-bills) and accept electronic payments through a variety of channels including their website, mobile-optimized website, automated phone system (IVR) or customer service center. Biller Advantage is available as a white-label product to financial institutions and industry-specific service providers in areas such as healthcare, government and property management. With Biller Advantage, financial institutions and other providers can enable their biller customers to reduce costs and potentially reduce the amount of time it takes to receive payments as they eliminate lag times associated with paper-based billing and payment methods. A dedicated module allows a financial institution or other provider to manage administrative functions for their corporate and treasury customers. It will enable e-bill delivery and electronic payments via the thousands of financial institutions throughout the U.S. that offer Fiserv-supported electronic billing and payment services.

RewardsNOW Upgrades its Merchant Funded Rewards Program

RewardsNOW upgraded its online merchant funded rewards program. The upgrade reflects the evolving nature of the market for online shopping and is the first of many exciting changes that are planned for RewardsNOW’s merchant funded rewards program. RewardsNOW is partnering with Massachusetts-based, Azigo, Inc., in offering this enhanced merchant funded platform. Azigo’s online shopping platform offers consumers access to over a thousand national online retailers, yet makes it easy for them to customize the ShoppingFLING program to suit their own shopping preferences. It will soon introduce even more merchant funded program capabilities such as increased and targeted in-store and local merchant offers available through Shop Main Street local merchant rewards program.

Prepaid Visa RushCard Announces Winners of Charity Challenge

RushCard prepaid Visa debit card and CrowdRise crowdfunding Announced its #RiseToThrive Charity Challenge winners. Over the past six weeks, charities dedicated to building prosperous futures for people in neighborhoods all over America served by RushCard, participated in the crowdfunding challenge. Participating charities raised more than $308,000 in vying for $50,000 in awards from RushCard. The top three charities that raised the most money received grants from RushCard include $25k grant, First Place (raised $86,150) — Workshop in Business Opportunities (WIBO), a 47-year old non-profit organization dedicated to helping people in underserved communities realize the American Dream through entrepreneurship. The $10k grant, Second Place (raised $69,402) – Students for Service, an inspiring organization that partners with non-profits in New York City to address hunger, poverty, and the environment. And the $5k grant, Third Place (raised $41,228) – Move for Hunger, an organization the works with relocation companies across America to support local food banks.